This Month in German Startups-January 2021
Welcome to This Month in German Startups by Startuprad.io-in a transatlantic news recording with Chris in New York City. This is the first news episode of 2021, but you can have a look at our 2020 review.
Today we are wrapping up January 2021 for you. There is great news in the German startup scene, from two new unicorns to a much anticipated IPO of Auto1 (will be raising at least 1.5 bn Euros), Delivery Hero goes VC and there may be Amazon TV/Radio in Germany.
Housekeeping-Time to brag
Just a bit of bragging today: Listen Up! Here's Your Guide To European Tech And Startup Podcasts In English https://buff.ly/39S3qyR
Top News
We have two new unicornsMambu-Germany's newest Fintech Unicorn offers Banking Software as SaaS https://buff.ly/3oNEHC2-Without them, no N26. They provide the software, which enables challenger banks like them.
Munich-based HR scaleup Personio lands €103.5 million Series D funding and a €1.4 billion valuation https://buff.ly/35QYn0p
Related: Start-Up Personio Joins Circle of Unicorns-Technical University of Munich-School of Management https://buff.ly/2YgKm7W
Delivery Hero raises 1.2 bn in fresh capital
Delivery Hero raises 1.2 bn Euros (1.47 bn US$) in new funding, selling "in hours" 9.44 mn new shares for 132 Euros each https://buff.ly/394ZFFQ
Related:
Delivery Hero starts their own Corporate Venture Fund called DX Ventures with 50 m Euros https://buff.ly/2MPUt11
Auto1 IPO
Auto1 IPO will be raising a minimum of 1.5 bn Euros (2.2 bn US$) https://buff.ly/3plC62n
Older articles related to this IPO-you can see the fundraising went up 500 million
More details of the planned IPO of Auto1 Group emerge. They want to list in 2021 Q1 in Frankfurt in Prime Standard. Out of 1 bn € to be raised 250 m will pay back convertibles, 750 m will be invested in further growth https:/ /buff.ly/38Hq0uz
Used-car platform AUTO1 to float in Frankfurt, looking to raise 1 bn Euros from selling new shares, with a valuation of 6-8 bn Euros https://buff.ly/3bxbWWx
Amazon TV or Radio Station in Germany?
Amazon has filed paperwork in Germany to get a broadcast license. The filing dates to November 2020 https://buff.ly/3bW0Mur
Wirecard
We keep you updated, just a small selection of news here.
Keep in mind there is still an investigative committee ongoing.
Oliver Samwer from Rocket Internet gave a private loan to Markus Braun from Wirecard of 75 mn Euros (91 m US$), which he demanded back rather harshly, shortly before Wirecard filed for insolvency https://buff.ly/3bW2ITU
In Austria, an investigation against former Wirecard COO Marsalek is ongoing in potential bribery of an employee of Austrian constitution protection (like their NSA). He is supposed to have checked the solvency of porn site hosts for Mr. Marsalke https://buff. ly/39eVNDz
Ecosystem
Slack users in Germany were greeted in the new year with a big outage covering most of the first working day of the new year 2021 https://buff.ly/3972zd0 January 4th
Tech workers want to relocate to Germany more than any other country in the world https://buff.ly/2Jims8n
Germany starts with the test of a countrywide patient file, called "E-Patientenakte." The users can carry around all their medical files (x-rays, reports ...) on their smartphone and grant their physician access https://buff .ly/3hHb3M4
Berlin remains the capital of German Venture Capital in 2020. EY tracked 314 financing rounds, out of a total of 743 they found. According to their data, VC funding declined in #Germany in 2020 by 15% to 5.3 bn Euros (6.45 bn US $) https://buff.ly/3oMxaDE
In the most recent fintech ranking #Frankfurt is losing position No 3 to Hamburg and now only scores at No 4 https://buff.ly/3o5IeKU
Hubs
Note: The order of news and cities is only due to the time when we discovered the news.
FrankfurtFrankfurt-based provider of high performance computing Northern Data raises 52.5 mn Euros (64 m US$) #VentureCapital https://buff.ly/2KOccFc
Frankfurt-based insurtech Clark raises 85 mn US$ (69 mn Euros) #VentureCapital, with lead investor Tencent (owner of Wechat) https://buff.ly/3nCyzeq we have an interview with the CEO for you here: XXX
Frankfurt: Developing towards an epicenter of the German games industry-Frankfurt Valley https://buff.ly/39iZKao Darmstadt
We interviewed the Darmstadt based robotics software startup Energy Robotics in June 2020, where they already talked about their intention to raise Venture Capital. Now they closed their 2 mn Euros VC round: Earlybird and several Business Angels like Paul Achleitner, Gerhard Roiss, Martin Klässner , and Andrej Henkler invest 2 m Euros Venture Capital in Energy Roboticshttps://buff.ly/3qhA43k
You can learn more about them in our interview here: https://buff.ly/3fgyUQ0
Merck KGaA snaps up German CDMO in boost to mRNA portfolio - including for Covid-19https://buff.ly/2KauK2q
Heidelberg/Walldorf
SAP Unit Qualtrics Heads for IPO https://buff.ly/3pyBwOz
Munich
New unicorn Personio is from Munich
Munich-based Konux raises 80 m US$ #VentureCapital from Impact Investor Sanno Capital and Athos, The Family Office of Strüngmanns (Hexal), and existing investors (eg Alibaba). Konux builds intelligent sensors for Industry 4.0 https://buff.ly /3idMl6i
Munich fintech Fidor Bank (a German fintech pioneer) is split up and sold to two bidders, Ripplewood Advisors form New York and Steria Mummert from Paris https://buff.ly/2MFo6S
Pepsi backs #Munich-based scented air drinks startup "Air Up" https://buff.ly/3i9vTDT
Hamburg
tecHHub is the new 35 m Euro Entrepreneurship Center in Hamburg to keep founders in the city. Until the project is completed the city is thinking about a makeshift container solution https://buff.ly/3hL7If3
Freiburg
Insight Partners and existing investors invest 100 m US$ #VentureCapital in Freiburg-based Jedox, the company offers enterprise performance management software for company planning and analysis https://buff.ly/2MPUt11
Switzerland
Zurich-based Blue Horizon Ventures is a VC focused on sustainable food, now they close their first fund with 183 mn Euros (221 m US$) with more than 100 investors from 20 countries. https://buff.ly/3a7l69Z
Companies
Food-Always a good topic to talk aboutDish Order: German grocery wholesaler Metro is partnering with Google to offer a competing offer to Lieferando. The clue for restaurants: There is no fee https://buff.ly/35TEEgv
German food giant Dr. Oetker had their own beverage delivery service Durstexpress. Then they bought Flaschenpost, doing the same reportedly for 1 bn €. Now they merge Durstexpress in Flaschenpost https://buff.ly/3qB3Jov?utm_source=linkedinFintech / Finance
Investors value Berlin-based Trade Republic with 600 m Euros (735 m US$) https://buff.ly/3hs0v36
N26 Eyes IPO With Hiring Of New CFO https://buff.ly/3sXBUst
N26 granted a banking license in Brazil https://buff.ly/3s2lGxK
Vanguard will be starting an investment portal in Germany. They hired the „Head of Clients“ from market leader Scalable Capital for their based-Berlin team, headed by Jesper Wahrendorf (Ratepay) and Andreas Bittner (Solarisbank) https://financefwd.com /de/vanguard-scalable-thomas-wolff/
Sibylle Strack, former CEO of #Berlin-based fintech Kontist hired at Deutsche Bank as Chief Growth Officer BizBanking https://buff.ly/2LhWClr
Berlin-based fintech incubator Finleap shifts focus to test products for corporate clients, they don't want to be entrepreneurs any more https://buff.ly/3mgSHCc
New VC Funds
Ant Financial plans to start a fintech Venture Capital fund in Berlin https://buff.ly/3qyAtic
20 health insurer in Germany invest in Berlin-based VC Heal Capital's 100 mn fund, to invest in health tech startups https://buff.ly/38XWmS3
Keep in mind the news of the Delivery Hero fund from before
Selection of investments
Digital road freight forwarder Sennder raises $160M Series, plans European expansion – TechCrunch https://buff.ly/35Eu9gR
Peter Thiels' Valar fund joins other investors in a 21 mn Euros #VentureCapital round for credit card #fintech Moss from #Berlin. They were registered in summer 2019 and now valued at 100 mn Euro https://buff.ly/38F6rTQ
Global Savings Group raises € 12 Million in their most recent financing round https://buff.ly/35aumID
All Other News
Not even half of the German employees would recommend Tesla as an employer reports German tech blog t3n. Applicants post in forums and websites about chaos and arrogance https://buff.ly/35bZqrc?utm_source=-custom-by-source-0-
Which startups have footballers invested in? https://buff.ly/3hcuWdG Including investments of Mario Götze (Frankfurt-based Qualifyze), Philipp Lahm, and Matts Hummels
Elliott Stake Complicates Rocket Internet's Plan to Delist https://buff.ly/2MjL1mu
Berlin-based #grocery delivery service (you still buy from a supermarket) named Gorillas raises 44 m US$ #VentureCapital https://buff.ly/2IPM7F0
Stay ahead of the curve
Where Challenger Banks & Incumbents See The Next Digital Banking Opportunity: Seniors and the underbanked https://buff.ly/35jRIf3
Top Investors Fueling The Renewable Energy Tech Ecosystem-CB Insights Research https://buff.ly/3bieHKX
Charting retail banking revenues by generation https://buff.ly/2L9b9zD
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